The new ACS shares subscribed on the occasion of the delivery of the flexible dividend They have started trading on the Madrid, Barcelona, Bilbao and Valencia Stock Exchanges this Friday. These are 8.33 million shares with a nominal amount of 4.16 million euros and a current value, according to market prices, of 183 million.
With an exchange of a new ACS title for every 19 current shares, 60% of the construction company’s shareholders opted for receive the dividend payment in this way, increasing your exposure to the company. The rest, 40% of the total, chose to receive the remuneration from ACS in cash, through a payment of 1.27 euros that the shareholders pocketed last Thursday, July 8, as planned in the flexible dividend calendar or ‘scrip dividend’.
Dividend payment
The construction company chaired by Florentino Pérez has decided to execute a capital reduction by amortization of treasury shares so that shareholders who choose cash do not see their participation in the share capital diluted, therefore the capital will also be reduced by the same amount.
This operation is online with the actions that ACS has been carrying out since 2012 and with the practice in recent years of other important listed companies, which increasingly give their shareholders the option to choose between these two alternatives or a combination of both.
The payment in July of last year was 1.38 euros per share and the previous one was 1.45 euros, so this year’s dividend is lower than that delivered in the last two years. In 2020, the last full year, ACS earned 574 million euros, 40.3% less due to the impact that the coronavirus had on all its business units.
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